Eversource Energy (NYSE:ES) Stock Has Consensus Price Target of $72.00 According to Brokerages

Eversource Energy (NYSE:ES) has received an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $72.91.

Several research firms have issued reports on ES. JPMorgan Chase & Co. reduced their price objective on Eversource Energy from $73.00 to $68.00 and set an “underweight” rating on the stock in a report on Monday, October 19th. Weiss Ratings raised Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Citigroup reissued a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. BMO Capital Markets dropped their target price on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company upped their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ES. CX Institutional grew its position in shares of Eversource Energy by 4.3% during the 2nd quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock worth $254,000 after buying an additional 144 shares during the period. Bank & Trust Co lifted its holdings in Eversource Energy by 2.0% in the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock valued at $539,000 after buying an additional 149 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Eversource Energy by 1.3% in the third quarter. Oppenheimer & Co. Inc. now owns 11,498 shares of the utilities provider’s stock valued at $738,000 after buying an additional 151 shares during the period. Kintegral Advisory LLC boosted its stake in Eversource Energy by 0.6% in the third quarter. Kintegral Advisory LLC now owns 27,019 shares of the utilities provider’s stock valued at $1,734,000 after acquiring an additional 152 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. boosted its stake in Eversource Energy by 3.1% in the third quarter. Retirement Planning Co of New England Inc. now owns 5,131 shares of the utilities provider’s stock valued at $329,000 after acquiring an additional 154 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Up 0.3%

Shares of NYSE ES opened at $67.75 on Wednesday. Eversource Energy has a 1-year low of $62.72 and a 1-year high of $76.57. The company has a 50-day moving average of $67.71 and a two-hundred day moving average of $70.02.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. Eversource Energy’s revenue for the quarter was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts forecast that Eversource Energy will post 4.63 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, September 21st.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.